It’s no secret that a lot of people are thinking about starting their own business. After all, there is nothing as satisfying as having your own company. Unfortunately, however, launching a brand new business isn’t as easy – or as glamorous – as TV shows make it out to be. Startups require a lot of strategic planning and preparation, and often times, a substantial financial outlay.
One of the most vital factors of every startup is the location. Knowing where to start your business is essential if you wish to succeed. With that in mind, let’s look at the best US cities for startups!
Best US Cities for Startups
How to know what the best US cities for startups are? We cannot just start building an effective startup proposition without covering the basics first. This is a complicated question that requires knowledge and research. If we are to talk about which city to pick for your company, we must look at it from more than one angle. The first question we have to ask ourselves is, what makes a city suitable for startups?
Factors That Make a Good City for Startups
It’s not important whether you decide to start a new company, or if you decide to move your offices from a long distance. In both cases, you’ll have to think about the location. However, as I mentioned earlier, it’s not so easy to pick the right city. To be able to tell if a city is suitable for a startup or not, you have to look at:
- Size of the market
- Accessibility to customers
- Accessibility to educated employees
- Cost of labor
- Financial plan for living
Only when you cross-reference all these factors, you’ll be able to tell what the best US cities for startups are.
Today, one of the best US cities for startups is Austin, TX. Over the years, there has beenan increase of over 80% in new business companies’ growth. But, what makes Austin so great? Many universities in Austin, and the University of Texas in the first place, are the reason why there are so many well-educated people. There is a lot of positive energy, and young people are looking for opportunities everywhere.
What’s also important is that people are ready to push themselves forward. The innovative nature of Austin is inspiring for everyone, and the city is supportive of new startups.
Everyone who lives in Boulder is witnesses to the eccentric environment and the diversity of its residents. However, all of that shades away in front of its progress. Many entrepreneurs choose this place to start a business. As a real powerhouse in the startups’ field, Boulder is a desired location for everyone looking for an opportunity to create something.
GDP growth put this place on the map of best US cities for startups. What you’ll surely notice is how many high-profile companies you can find in Boulder. For example, Ball Aerospace, or Celestial Seasoning, one of the herbal tea leaders. That can mean only one thing – a stable market with a lot of competition.
However, that shouldn’t scare you away. Having competition is good for the health of your company, as it pushes you to be better and improve your service. Furthermore, when you are in a business environment, it will be much easier to find the perfect business partner for your startup. Become a part of the “give before you get” mentality, and you’ll be highly rewarded.
Los Angeles, CA
Now it’s time to look at the city of sun and surf! Los Angeles is undoubtedly one of the best US cities for startups. It is known as the center for tech entrepreneurship, and it is one of the largest small business hubs in the US.
Another thing that Los Angeles can be proud of is the highest number of engineering graduates in the country. The result of this mixture is the increase in investments and investors in Los Angeles.
Furthermore, not only that LA is a fertile ground for startups, but it’s also affordable for a living when compared to San Francisco, for example. Buying a beautiful house with a yard and a pool is much cheaper than buying an apartment in San Francisco
And the market is active as well. Giants like Snapchat, VR Oculus, and SpaceX, are only a few of the many you can find located in LA. Whether it’s because of the community, fantastic weather, or relaxed atmosphere, people willing to invest in startups find their way to Los Angeles quickly.
With everything mind, if you wish to move to LA and become a part of the business evolution on the rise, why not do it with evolutionmoving.com? A quality moving company for a successful start is just what you need to make the transition affordable and smooth!
The majestic mountains of Denver are truly a sight to be seen, but they are not the only reason to come to this town. Denver is one of the best US cities for startups solely due to the percentage of small business companies started in the past few years. The city is booming, and many people are looking for a way to be a part of its progress.
If you are looking for an easy way to recruit a qualified and educated workforce, this is the place to do it. With more than 55% of the population holding a Bachelor’s degree, Colorado is a hotspot for people looking for work.
It’s important to note that you need to be careful when working in a competitive market. With so many companies on the rise, people have more options when looking for a job. That’s why you should build your reputation first before recruiting new employees. That’s a secure way to succeed in one of the best US cities for startups!
About the Author
Max Owens has been working as a freelance copywriter for the past 5 years. Writing has been his passion since high school, and marketing became an interesting topic in college. His interests include past, present and future digital marketing trends, as well as relocation industry topics. He spends his free time reading, going to gigs, traveling, and training.